LONDON — Credit Suisse, a behemoth of European banking with assets stretching across the globe, is experiencing turbulence.
Earlier this week, Credit Suisse disclosed “material weaknesses” in its financial reporting, and it was unclear whether the major bank would be able to get a financial rescue. That sent markets into panic. But a $53.7 billion liquidity lifeline from Switzerland’s central bank appeared to be calming European investors as markets rallied Thursday.
Capitalismo de araque precisa de dinheiro do Estado para cobrir incompetência ! Capitalismo é câncer !
So, Credit Suisse has gambling financial geniuses same as the financial geniuses at Hedge-Fund bank SVB, come on little Joe, Damn Boxcars. I always gave Credit Suisse more credit as a smart financial institution, not playing craps in the alley.
INFLATION KILLS
Move the money from Switzerland to other financial paradises better clóser to the USA ,Panamá,Brazil,Chile,Peru
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Credit Suisse intends to borrow up to 50 bln Swiss francs from Swiss National BankCredit Suisse Group AG said on Thursday it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called 'decisive action' to boost its liquidity. 50 non Swiss francs is like 30$ us. 100 billion dollar have been withdrawn from this bank and now its name should be changed to debit Swiss😂😂 Credit is broke
Source: Reuters - 🏆 2. / 97 Read more »
Swiss National Bank will provide Credit Suisse financial support ‘if necessary’Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse. one simply cannot trust junky america ,there needs to be an intervention So in other words, Credit Suisse is in huge trouble
Source: washingtonpost - 🏆 95. / 72 Read more »
Credit Suisse appeals to Swiss National Bank for show of support - FTCredit Suisse has appealed to the Swiss National Bank (SNB) for a public show of support, the Financial Times reported on Wednesday, after the bank's shares slid as much as 30% and sparked a broader sell-off in European and U.S. bank stocks. Yes
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Swiss National Bank to provide liquidity to Credit Suisse ‘if necessary’The Swiss National Bank will provide liquidity to troubled lender Credit Suisse if necessary, the central bank said late Wednesday, in a joint statement with... Buy the stock. Will be a double move Oh oh. Money never Sleeps
Source: MarketWatch - 🏆 3. / 97 Read more »
Swiss National Bank says it would support credit Suisse if necessaryRegulators stated that the problems experienced by certain U.S. banks do not pose a risk for the Swiss financial system. Banks is always risky $BTC & $KAS regulation friendly ✅ No ICO ✅ Fair launch ✅ No dev allocations ✅ Driven by community ✅ Purely Decentralized (Pow) ✅ Secure ✅ No pre-mining But also Kaspa, ✅ More convenient ✅ Fastest pow (x32 with Rust upgrade) ✅ Most advanced Pow ever oxro dxgm
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Credit Suisse to borrow up to about $54 billion from Swiss National BankCredit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The contagion begins 🍿 The bail out continues Print more money The Swiss bank was not going to let their flagship bank go under
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